Becle, S.A.B. De C.V.’s $900 Million Initial Public Offering


Cravath Swaine & Moore, Mijares, Angoitia, Cortés y Fuentes, Ritch, Mueller, Heather y Nicolau and Paul Hastings, have advised on the transaction

Becle, S.A.B. de C.V. provides alcoholic beverages. The Company produces, bottles, imports, and distributes wines, liquors, spirits, and other products. Becle serves customers worldwide.

Shares of the world’s biggest tequila maker sold for 34 pesos each, the high end of the projected range, said the people, who asked not to be identified because the details are still confidential. Excluding the overallotment option.

J.P. Morgan Casa de Bolsa, S.A. de C.V., J.P. Morgan Grupo Financiero, Morgan Stanley México, Casa de Bolsa, S.A. de C.V., Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander México and GBM Grupo Bursátil Mexicano, S.A. de C.V., Casa de Bolsa acted as Undewriters in Mexico.

Morgan Stanley & Co. and J.P. Morgan Securities LLC acted as global Coordinators and Initial Purchasers.

Cravath Swaine & Moore LLP has advised Becle, S.A.B. De C.V. ( José Cuervo) with D. Scott Bennett (Picture), Mark I. Greene, David Mercado, Sharon Freiman and Virginia M. Anderson.

In Mexico, Mijares, Angoitia, Cortés y Fuentes has advised Becle, S.A.B. De C.V. ( José Cuervo) with Ricardo Maldonado, Patricio Trad, Francisco Glennie, Pedro García and Fernando Ruíz.

In Mexico, Ritch, Mueller, Heather y Nicolau, S.C. has advised J.P. Morgan Casa de Bolsa, S.A. de C.V., J.P. Morgan Grupo Financiero, Morgan Stanley México, Casa de Bolsa, S.A. de C.V., Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander México, GBM Grupo Bursátil Mexicano, S.A. de C.V., Casa de Bolsa, Morgan Stanley & Co. and J.P. Morgan Securities LLC with Luis A. Nicolau. Asociado Leopoldo Fragoso.

In New York, Paul Hastings has advised Morgan Stanley & Co. LLC and J.P. Morgan Securities with Michael L. Fitzgerald, Taisa Markus, Pedro Reyes, Jorge Garduño, Stephanie Monroe Rohlfs, Alex Herman and Eduardo González.

Involved fees earner: Luis Nicolau Gutiérrez – Ritch, Mueller, Heather y Nicolau, SC; Leopoldo Fragoso Montes – Ritch, Mueller, Heather y Nicolau, SC; Ricardo Maldonado-Yáñez – Mijares, Angoitia, Cortés y Fuentes, S.C.; Patricio Trad Cepeda – Mijares, Angoitia, Cortés y Fuentes, S.C.; Pedro Antonio García Ampudia – Mijares, Angoitia, Cortés y Fuentes, S.C.; Francisco Glennie Quiròs – Mijares, Angoitia, Cortés y Fuentes, S.C.; Scott Bennett – Cravath Swaine & Moore; Mark Greene – Cravath Swaine & Moore; David Mercado – Cravath Swaine & Moore; Sharon Freiman – Cravath Swaine & Moore; Michael Fitzgerald – Paul Hastings; Taisa Markus – Paul Hastings; Pedro Reyes – Paul Hastings; Stephanie Rohlfs – Paul Hastings; Alex Herman – Paul Hastings; Eduardo Gonzalez – Paul Hastings;

Law Firms: Ritch, Mueller, Heather y Nicolau, SC; Mijares, Angoitia, Cortés y Fuentes, S.C.; Cravath Swaine & Moore; Paul Hastings;

Clients: Morgan Stanley; JP Morgan Securities; Morgan Stanley México; Becle, S.A.B. De C.V.; J.P. Morgan Casa de Bolsa, S.A. de C.V.; J.P. Morgan Grupo Financiero; Casa de Bolsa Santander, S.A. de C.V.; Grupo Financiero Santander México; GBM Grupo Bursátil Mexicano, S.A. de C.V.;

Print Friendly, PDF & Email